INSEAD Day 4 - 728x90

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Total revenue increased 10% year-on-year.

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The rise helped by strong demand in real estate

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The company had reported EBITDA of $1.17 bn in 2025.

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The dividend is equivalent to 43.75% of paid-up capital.

GMC, Fix Network sign agreement

The partnership will launch 12 new service and collision repair centres across KSA. (Pic GMC)
  • The new partnership will launch with six collision centers and six quick service centers spread across KSA.
  • The collision repair services will be known as Fix Auto Collision, while the mechanical service and repair centers will be called Fix Auto Service.

Gulf Motor Company, part of United Motors Group, and Fix Network World, sign an agreement to launch 12 new service and collision repair centers throughout the kingdom.

The agreement, recently signed by Shk. Talal Al Aggad, GMC Board Member, and Steve Leal, President and CEO, Mondofix, Inc. dba Fix Network World, will see Gulf Motor Company becoming the exclusive partner for Fix Auto in Saudi Arabia, and the wider region.

The new partnership will launch with six collision centers and six quick service centers spread across KSA.

The collision repair services will be known as Fix Auto Collision, while the mechanical service and repair centers will be called Fix Auto Service.

As part of the agreement, GMC will extensively renovate and equip its facilities and retrain its existing staff to meet the high standards of Fix Network World in the months ahead.

The locations are scheduled to be operational by Q4 2022. GMC and Fix Network are also actively considering several potential franchise applicants and will select the best to be part of the network as early as 2023.

“This is an important time for motorists in KSA,” stated Hassan Al Shamrani, United Motors Group CEO. “As the Kingdom enjoys a sustained period of unprecedented growth, it’s important to know that your vehicle will receive first class maintenance and repairs, if an unfortunate accident does occur.”